Candlestick analysis is the Japanese way of understanding demand and supply and adopted later by western. developed in the 18th century by Munehisa Homma Candlestick analysis provides short term trend analysis and studies in detail based on the daily candlesticks patterns and analyse a small portion, hence this can be used for weekly trading.Candlestick analysis is very effective for a weekly forecasting and it is very useful tool for the positional traders.some of the candlesticks analysis are, engulfing,piercing,doji,(morning and evening star) and hammer.
, , Candlestick Analysis, candlestick, doji, Engulfing, evening star, hammer, hanging man., morning star, piercing
